Aruba Networks, Inc. (NASDAQ:ARUN) tumble after results, gross margin concerns, levels to watch. The shares are down following earnings last night after the close. JPMorgan noted that gross margins were weaker than expected. Aruba Networks, Inc. (NASDAQ:ARUN) net profit margin is -8.50% and weekly performance is -6.14%. On last trading day company shares ended up $17.89. Analysts mean target price for the company is $23.19. Aruba Networks, Inc. (NASDAQ:ARUN) distance from 50-day simple moving average (SMA50) is -8.90%.
On May 13, 2014 Diana Containerships Inc (NASDAQ:DCIX) reported net income of $0.3 million for the first quarter of 2014, compared to a net loss of $31.8 million for the respective period of 2013. During the first quarter of 2014, the Company incurred losses arising from the disposal of the vessel “Sardonyx”, amounting to $0.7 million, without which the net income for the first quarter of 2014 would have been $1.0 million and the earnings per share, basic and diluted, would have been $0.03 for that quarter. Diana Containerships Inc (NASDAQ:DCIX) shares fell -4.78% in last trading session and ended the day on $2.79. DCIX Gross Margin is 43.00% and its return on assets is -8.00%. Diana Containerships Inc (NASDAQ:DCIX) quarterly performance is -31.11%.
On May 14, 2014, Sorrento Therapeutics Inc (NASDAQ:SRNE) announced the pricing of an underwritten public offering of 4,765,000 shares of common stock at a public offering price of $5.25 per share. The gross proceeds to Sorrento from this offering are expected to be approximately $25,000,000, before deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company. Sorrento Therapeutics Inc (NASDAQ:SRNE) shares moved down -5.57% in last trading session and was closed at $4.92, while trading in range of $4.91 – $5.28. Sorrento Therapeutics Inc (NASDAQ:SRNE) year to date (YTD) performance is -39.26%.
Kirkland’s, Inc. (NASDAQ:KIRK)’s first-quarter 2014 earnings of 12 cents per share surpassed both the year-ago results as well as the Zacks Consensus Estimate of 10 cents by 20.0%, backed by higher sales and comps which offset the highly promotional environment in the industry. Earnings were at the higher end of management’s guidance range of 10 to 12 cents. Kirkland’s, Inc. (NASDAQ:KIRK) ended the last trading day at $17.92. Company weekly volatility is calculated as 6.94% and price to cash ratio as 3.76. Kirkland’s, Inc. (NASDAQ:KIRK) showed a positive weekly performance of 6.22%.
May 15, 2014, Vermillion, Inc. (NASDAQ:VRML), reported on its results for the quarter ended March 31, 2014. Total revenue in the first quarter of 2014 was $305,000, as compared to $328,000 in the same year-ago period. First quarter 2014 revenue was comprised of $191,000 in OVA1 product revenue and $114,000 in license revenue. Vermillion, Inc. (NASDAQ:VRML) shares moved down -11.60% in last trading session and was closed at $2.59, while trading in range of $2.57 – $2.91. Vermillion, Inc. (NASDAQ:VRML) year to date (YTD) performance is 9.75%.